CapMan Press release 31 May 2011 12.15 p.m. EET
CapMan sells a retail property in Tuusula
The CapMan Real Estate I fund has sold a retail property located at Pysäkkikuja 1 in Tuusula in Finland to AKR Tuotto Ky fund managed by Auratum Real Estate Oy. The sale will not impact CapMan Plc’s result for 2011, as the fund is not in carry.
The property at Pysäkkikuja 1 was built in 1997. The property has approx. 8,300 m2 of lettable space, which is anchored by HOK Elanto with a long rental contract.
CapMan manages four real estate funds: the CapMan Real Estate I fund, which invests in commercial properties in Greater Helsinki, the CapMan RE II fund, which invest in commercial and development projects around Finland, the CapMan Hotels RE fund, which invest in hotel properties, primarily in Finland and CapMan’s first project-specific hotel property fund, CapMan Yrjönkatu 17 Ky, which owns a hotel in central Helsinki.
Further information:
Kalle Myllymäki, Partner, CapMan Real Estate, tel. +358 (0)50 356 6940
Matti Äijälä, Partner, Managing Director, Auratum Real Estate Oy, tel. +358 (0)45 634 4400
CapMan www.capman.com
CapMan is one of the leading private equity firms in the Nordic countries and Russia, with assets under management of 3.4 billion. CapMan has four key investment partnerships – CapMan Buyout, CapMan Russia, CapMan Public Market, and CapMan Real Estate – each of which has its own dedicated investment team and funds. Altogether, CapMan employs approximately 140 people in Helsinki, Stockholm, Oslo, Moscow and Luxembourg. CapMan was established in 1989 and has been listed on the Helsinki Stock Exchange since 2001.
Auratum Real Estate Oy www.auratumkiinteistot.com
Auratum Real Estate Oy is part of Auratum Group, which operates in the fields of real estate and venture capital investments and asset management services. Auratum Real Estate develops high quality residential and commercial properties. In addition, the company is managing venture capital real estate funds. At the present time, value of the real estate portfolio managed by the company is approx. EUR 300 million including commercial, logistics and office properties and residential development projects in the Helsinki region and other growth cities in Finland.
